For the second quarter of 2019, Big Lots expects GAAP earnings to be between $0.05 and $0.15 per share and adjusted earnings to be in the range of $0.35 to $0.45 per share. Comparable store sales growth is touted to be in the low single digit range.
The Columbus, Ohio-based firm lifted fiscal year 2019 adjusted income per share guidance to a range of $3.70 to $3.85 from the prior estimate of $3.55 to $3.75 per share. The company maintained the comp store sales growth outlook of low single digit range.
Among other retailers, Dollar General (DG) reported its quarterly earnings before the market opened yesterday, while Dollar Tree Stores (DLTR) and Costco Wholesale (COST) reported their quarterly results after the bell.
Big Lots stock, which tumbled to an eight-year low in December, had dropped 18% in the last three months and 39% in the 52 weeks.